US equity futures drop over 1% amid recession fears

US equity futures fell over 1% as recession fears grow, following comments from former President Trump about potential economic disruption. The S&P 500 futures dropped 1.2%, marking the worst week since September, with major tech stocks like Tesla and Nvidia also declining. Asian and European markets also experienced losses, with the MSCI AC Asia Pacific Index down 0.9%. China's consumer inflation turned negative for the first time in over a year, raising concerns about economic stability. Treasury yields fell as investors sought safer assets amid these uncertainties. In commodities, oil prices rose slightly while gold and Bitcoin saw declines. The market is focused on upcoming US economic data, including inflation expectations, as analysts warn of potential impacts from tariffs and government spending cuts on corporate earnings.